Below is an abbreviated guide, download the full guide here:
Whatever your reasons for buying we know that it is no small task. That’s why many buyers enlist the assistance of a full-service Windermere agent. The benefits you receive from working with a skilled licensed professional:
AS YOUR WINDERMERE PUYALLUP BROKER
- We have knowledge of the local market to find your home at the price you want
- We save you time by knowing your needs and eliminating homes that don’t meet your criteria
- We make appointments and preview homes with you to weigh the pros and cons of each home
- We provide you detailed information for properties listed for sale including homes not listed by Windermere agents.
- We guide you through negotiation, legalities and details of purchasing a home once you find the home you want to buy.
Beginning the Process
- Before looking at homes, it’s a good idea to find a price range that you afford. A loan officer or mortgage lender can assist you with determining how much you can afford.
- Prioritize a list of essentials you want in a home. How many bedrooms? Do you need yard space? Do you prefer a rambler or multiple-story home? Are schools and public transportation important?
- When selecting a home look beyond cosmetics. Make sure the home is in good physical condition and that you understand the cost of repairs.
- Look at additional homes even if you love the first one you see. Many times it takes looking at several homes before finding the right fit for you.
Contract: The Purchase & Sale Agreement
Once you have found the home you want to buy, you and your Broker will draft a Purchase and Sale Agreement. This is the contract that outlines the details of the property transfer between you and the seller. The purchase and sale agreement will usually (but not always) consist of the following pages:
- Earnest Money Receipt
- Financing Addendum
- Inspection Addendum
- Contingency Addendum, when appropriate
- Addenda detailing special conditions
- Seller Disclosure completed by Seller
- The Process of negotiation occurs when offer is submitted. Real estate brokers are skilled in representing your interests in negotiating sales price, concessions, financing and may find various ways to strengthen your offer.
- When you’re drafting a purchase and sale agreement on a home you may want your offer to be contingent upon an inspection of the property. A home inspector will make check for small and large repairs and general functionality around the home.
- A standard home inspector report will review the conditions of the home’s heating and cooling systems, interior plumbing and electrical systems, the roof, attic and visible insulation; walls, ceilings, floors, windows, and doors; foundation, basement or crawl space.
- The inspector will look for signs of water leaks, wood rot, cracks but will also direct you on how to maintain the property to keep it in good shape.
Settlement & Closing
During the negotiation stage of the transaction, a closing date is mutually agreed-upon. The day of Closing is when you and the Seller have signed and completed the paperwork, paid for your share of the settlement fees and the documents are recorded.
Prior to closing, the closing agent (usually an escrow or title company or attorney) will complete a detailed settlement statement for both Buyer and Seller.
- Buyer receives
- Credit towards buyer closing costs (if applicable) or the purchase price for any Earnest Money deposited
- Buyer pays:
*May be Paid by either the seller or the buyer.
- Half of escrow or legal fees to the escrow company or attorney for preparing the closing.
- Document preparation fees (if applicable)
- Recording and notary fees (if applicable)
- Title search and title insurance*
- Local transfer taxes*
- Loan fees
- Appraisal fees
- Credit report fees
- Homeowners Association fees (if applicable)
Packing & MovingThe process of moving can be long and complex but being organized can help your move significantly less stressful. Here’s a checklist to keep you on task and help make your move successful.
- Get estimates from professional movers or truck rental companies and discuss insurance, packing, loading and delivery, and the claims procedure
- Sort your possessions by what you want to keep, what you want to sell, and what you want to donate.
- Create an inventory list by taking photos or video of your belongings.
- Change your utilities from your old address to your new address.
- Complete a change of address form from the post office.
- Make reservations with airlines, hotels, and car rental agencies, if needed.
- Determine how many boxes you will need and begin packing nonessential items
- Arrange for storage if needed.
- Get car license, registration and insurance in order
- Transfer bank accounts to new branch locations and cancel any direct deposit or automatic payments if transferring banks.
- Make arrangements to move pets.
- Empty and defrost your refrigerator and freezer.
- Label each box with contents from each room you want it delivered
- Arrange payment for the moving company
- Set aside legal documents and valuables you do not want packed
- Pack extra clothing and toiletries in case the moving company is delayed.
- Give your travel itinerary to a close friend or relative so they can reach you as needed.
- Make a list of every item and box loaded on the moving truck
- Let the mover know how to reach you
- Double-check closets, drawers, attic, basement, and garage for any left-behind items.
- Check off boxes and items as they come off the truck
- Install new locks
- Confirm utilities have been turned on
- Examine your good for damage
- Furniture pads
- Packing tape
- Bubble wrap, packing paper, newspapers or packing “peanuts”
- Scissors or utility knife
- Felt-Tip Markers
- Trash bags
- Toilet paper
- Children’s toys and books